Why is Bajaj Electrical falling/rising?

As of 24-Sep, Bajaj Electricals Ltd is experiencing a price increase, currently at Rs 591.45, reflecting a rise of Rs 14.5 or 2.51%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline, opening with a significant gain of 4.52%. It reached an intraday high of Rs 653.6, marking a 13.29% increase. However, despite this positive movement, the stock has underperformed over the past year with a return of -39.72%, and its profits have decreased by 26.1%. The company maintains a low debt-to-equity ratio of 0.04, which is favorable, but its operating cash flow and profit after tax have seen substantial declines, raising concerns among investors.
In the broader market context, Bajaj Electricals has shown a short-term return of -2.19% over the past week, compared to a -1.18% decline in the Sensex, indicating that while the stock is rising today, it has been underperforming relative to the benchmark recently. The stock's performance today has outpaced the sector by 3.03%, but the overall trend remains concerning due to consistent underperformance against the benchmark over the last three years. High institutional holdings at 23.46% suggest that knowledgeable investors are monitoring the stock closely, yet the falling investor participation, with a significant drop in delivery volume, indicates a lack of confidence among retail investors.